Eche Izquierdo (Chile) Market Value
| EISA Stock | CLP 165.00 2.80 1.73% |
| Symbol | Eche |
Eche Izquierdo 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Eche Izquierdo's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Eche Izquierdo.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Eche Izquierdo on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Eche Izquierdo or generate 0.0% return on investment in Eche Izquierdo over 30 days. Eche Izquierdo is related to or competes with Aguas Andinas, Parq Arauco, Enel Generacin, Sigdo Koppers, Sociedad Matriz, and Enaex SA. Echeverra Izquierdo S.A. engages in the engineering and construction activities More
Eche Izquierdo Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Eche Izquierdo's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Eche Izquierdo upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 5.62 | |||
| Value At Risk | (2.66) | |||
| Potential Upside | 0.3671 |
Eche Izquierdo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eche Izquierdo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eche Izquierdo's standard deviation. In reality, there are many statistical measures that can use Eche Izquierdo historical prices to predict the future Eche Izquierdo's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (55.56) |
Eche Izquierdo Backtested Returns
As of now, Eche Stock is very steady. Eche Izquierdo secures Sharpe Ratio (or Efficiency) of 0.0463, which denotes the company had a 0.0463% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Eche Izquierdo, which you can use to evaluate the volatility of the firm. Please confirm Eche Izquierdo's Variance of 1.35, mean deviation of 0.5424, and Standard Deviation of 1.16 to check if the risk estimate we provide is consistent with the expected return of 0.0436%. Eche Izquierdo has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0035, which means not very significant fluctuations relative to the market. As returns on the market increase, Eche Izquierdo's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eche Izquierdo is expected to be smaller as well. Eche Izquierdo right now shows a risk of 0.94%. Please confirm Eche Izquierdo standard deviation, information ratio, total risk alpha, as well as the relationship between the variance and jensen alpha , to decide if Eche Izquierdo will be following its price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Eche Izquierdo has no correlation between past and present. Overlapping area represents the amount of predictability between Eche Izquierdo time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Eche Izquierdo price movement. The serial correlation of 0.0 indicates that just 0.0% of current Eche Izquierdo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 3.23 |
Eche Izquierdo lagged returns against current returns
Autocorrelation, which is Eche Izquierdo stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Eche Izquierdo's stock expected returns. We can calculate the autocorrelation of Eche Izquierdo returns to help us make a trade decision. For example, suppose you find that Eche Izquierdo has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Eche Izquierdo regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Eche Izquierdo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eche Izquierdo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eche Izquierdo stock over time.
Current vs Lagged Prices |
| Timeline |
Eche Izquierdo Lagged Returns
When evaluating Eche Izquierdo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eche Izquierdo stock have on its future price. Eche Izquierdo autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Eche Izquierdo autocorrelation shows the relationship between Eche Izquierdo stock current value and its past values and can show if there is a momentum factor associated with investing in Eche Izquierdo.
Regressed Prices |
| Timeline |
Pair Trading with Eche Izquierdo
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Eche Izquierdo position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Eche Izquierdo will appreciate offsetting losses from the drop in the long position's value.Moving together with Eche Stock
Moving against Eche Stock
| 0.81 | AFPCAPITAL | AFP Capital SA | PairCorr |
The ability to find closely correlated positions to Eche Izquierdo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eche Izquierdo when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eche Izquierdo - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eche Izquierdo to buy it.
The correlation of Eche Izquierdo is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eche Izquierdo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eche Izquierdo moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Eche Izquierdo can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Eche Stock
Eche Izquierdo financial ratios help investors to determine whether Eche Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Eche with respect to the benefits of owning Eche Izquierdo security.